PHILSTAR: Strong peso hurting Phl IT BPO industry BPAP - the strengthening Philippines peso is eroding the cost competitiveness of IT BPO industry, according to the Business Processing Association of the Philippines (BPAP). BPAP Pres and CEO Benedict Hernandez, said the combination of an appreciating peso and a has provided India with a meaningful cost advantage. "With the 30% difference in peso and Indian rupee exchange rate with the US dollar, the cost differential has substantially widened" Hernandez said "And that is much more difficult to manage."
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